Weekly Analysis

The Most Important Economic Data During the Week From 9th Nov to 13th Nov 2020

Tuesday 10th Nov 2020
Current Account – Japan
The net flow of current transactions, including goods, services and interest payments into and out of Japan.

ILO Unemployment Rate – United Kingdom
Measure the number of unemployed workers divided by the total civilian labor force, it’s a leading indicator of the UK economy.

Job Openings and Labor Turnover Survey (JOLTS) Job Opening – USA
Survey to help measure job vacancies.

Wednesday 11th Nov 2020
RBNZ Interest Rate Decision- New Zealand

As announced by the Reserve Bank of New Zealand, if the RBNZ is hawkish about the inflationary out lock of the economy and rises the interest rate it is positive for NZD.

Thursday 12th Nov 2020
Gross Domestic Product – United Kingdom

Measure the total value of all goods and services produced by the UK, GDP is considered as a board measure of UK economic activity.

Industrial Production – United Kingdom
The report shows the volume of production of Industries such as factories and manufacturing. The uptrend is regarded as inflationary which may anticipate interest rates to rise.

Initial Jobless Claims- USA
The Initial Jobless Claims is a measure of the number of people filing first-time claims for state unemployment insurance. it provides a measure of strength in the labor market. A larger than expected number indicates weakness in the labor market and has a negative impact on the USD.

Consumer Price Index (CPI) – USA

Measures the price movements by the comparison between the retail prices of a representative shopping basket of goods and services. It is a key indicator to measure inflation and changes in purchasing trends.

Friday 13th Nov 2020
Gross Domestic Product Annualized- Euro Zone

A measure of the total value of all goods and services produced. The GDP is considered as a broad measure of the country’s economic activity.

Michigan Consumer Sentiment index – USA
Is a survey of personal consumer confidence in economic activity. It shows a picture of whether or not consumers are willing to spend money.

EIA Crude Oil Stocks Change – USA
A weekly measure of the change in the number of barrels in stock of crude oil and its derivates. This report tends to generate large price volatility, as oil prices impact worldwide economies.

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